Short Squeeze Costs Tesla Shorts $40 Billion in 2020

Danny Vena, The Motley Fool
·2 min read
Short Squeeze Costs Tesla Shorts $40 Billion in 2020

Tesla (NASDAQ: TSLA) was one of the undisputed winners of 2020, with the stock gaining 743% over the course of the year. There were a number of factors that contributed to the electric car maker's surging stock price, including five successive quarters of profits, induction into the S&P 500 Index, and a well-received stock split. Short sellers lost a combined $245 billion last year, with Tesla costing shorts more than the next nine stocks combined.

Continue reading
  • Up next
  • Up next
  • Up next
  • Up next

Latest Stories

  • Burkina Faso’s army executed 223 civilians in ‘mass killings’, says Human Rights Watch

    Military forces in Burkina Faso killed 223 civilians, including babies and many children, in attacks on two villages accused of cooperating with militants, Human Rights Watch said in a report published Thursday. The mass killings took place on Feb. 25 in the country's northern villages of Nondin and Soro, and some 56 children were among the dead, according to the report. The human rights organization called on the United Nations and the African Union to provide investigators and to support local

  • Islanders' priority is reliable service, DFDS told

    At a public meeting islanders tell Danish ferry firm reliability was their priority for future services.

  • Bruins beat Maple Leafs 4-2 to lead series

    TORONTO (AP) — Brad Marchand broke a tie midway through the third period and the Boston Bruins beat the Toronto Maple Leafs 4-2 on Wednesday night to take a 2-1 lead in the first-round playoff series. After Todd Bertuzzi tied it for Toronto with 8:35 left, Marchard put the Bruins back in front 28 second later. He took a pass from Danton Heinen and ripped a shot past goalie Ilya Samsonov’s ear. Marchand capped the scoring with an empty-netter and also had an assist. Jake DeBrusk and Trent Frederi

  • Lucky Irish lotto shop celebrating second big win

    A Limerick shop lays claim to being Ireland's luckiest after selling its second life-changing ticket.

  • Commissioner must apologise over social media posts

    Conservative candidate Festus Akinbusoye says "he rejects and refutes the findings" of the panel.

  • Sports scoreboard for Wednesday, April 24, 2024

    Wednesday's Scoreboard NHL Playoffs First Round Boston 4 Toronto 2 (Boston leads best-of-seven series 2-1) Los Angeles 5 Edmonton 4 (OT) (Best-of-seven series tied 1-1) Vegas 3 Dallas 1 (Vegas leads best-of-seven series 2-0) --- PWHL Montreal 5 New York 2 Ottawa 3 Boston 2 (SO) --- AHL Playoffs First Round Calgary 2 Tucson 0 (Calgary leads best-of-three series 1-0) Belleville 3 Toronto 1 (Belleville leads best-of-three series 1-0) Abbotsford 4 Colorado 2 (Abbotsford leads best-of-three series 1-

  • Development decision paves way for up to 600 homes

    The States has approved development guidelines for two news sites in St Peter Port.

  • Villagers oppose football club's plans to expand

    One resident has likened the football club's expansion to having a championship club in the village.

  • Netflix removes all of these movies and TV shows this month

    Including a long-standing hit sitcom and two original titles

  • Kopitar's OT winner lifts Kings to 5-4 win over Oilers, even series at 1-1

    EDMONTON — Anze Kopitar scored the overtime winner and had a pair of assists as the Los Angeles Kings knocked off the Edmonton Oilers 5-4 to tie their opening-round playoff series 1-1 on Wednesday. Kopitar scored just 2:07 into overtime after a weird bounce gave him a lane up the centre of the ice and he beat Stuart Skinner high to the glove side. Adrian Kempe, with a pair of goals, Drew Doughty and Kevin Fiala also scored for Los Angeles, which is looking for revenge after being knocked out in

  • Sadiq Khan admits mayoral elections will be judgement day on Ulez and other transport policies

    Asked at a BBC London TV hustings whether he had succeeded in bringing Londoners with him on clean air and car travel, he says: ‘We will find out on May 2’

  • UPDATE 1-Toyota hits record annual output, sales on robust demand

    Toyota Motor said on Thursday its global sales and production hit record highs in the year ended March 31, supported by robust demand and the absence of semiconductor supply constraints it had to endure in recent years. Still, Toyota plans to delay the start of its electric vehicle (EV) production in the U.S. and trim domestic production to ensure product safety and quality after a series of scandals at its group firms, the Mid Japan Economist newspaper said. For the year ended March, Toyota said its parent-only global sales rose 7.3% to 10.31 million units year-on-year, surpassing the 10 million mark for the first time, while its output came to 9.97 million units, up 9.2% on the year.

  • Nicola Coughlan was told support for Palestine would cost her Hollywood work

    Coughlan says advocacy for social justice has always been part of her life

  • Disaster volunteers set off for 'fake quake' training

    Volunteers training to respond to disasters fly out for their final assessment for charity Serve On.

  • Greater Manchester mayor hopefuls clash over key issues in BBC debate

    Five candidates vying to become Greater Manchester mayor take part in a special BBC election debate.

  • Anze Kopitar scores in overtime, Kings beat Oilers 5-4 in Game 2 to tie series

    EDMONTON, Alberta (AP) — Anze Kopitar fired a wrist shot past Stuart Skinner’s glove and into the top corner on a breakaway to give the Los Angeles Kings a 5-4 victory over the Edmonton Oilers on Wednesday night in Game 2 of the first-round playoff series. Kopitar picked up the puck near the Edmonton blue line, moved in on Talbot and shot from the slot as Oilers defenseman Darnell Nurse dove to try to block the shot. Los Angeles rebounded from a 7-4 loss Monday night in the opener to send the se

  • Derbyshire County Council 'sat on millions' for special needs school places

    The council says allocating special educational needs places takes time and cannot be rushed.

  • Jurgen Klopp has checked out at Liverpool – he should never have said he was leaving in January

    Here in the final stretch of Jürgen Klopp’s Liverpool love affair, you feel you are witnessing everything for the last time. With 24 days left, all is freeze-framed for posterity: his last Merseyside derby, his last press conference put-down, his last casual haranguing of the fourth official. This was meant to be a chapter supercharged with joy and gratitude at the parting of a managerial visionary, but instead the dominant emotion, after his first Goodison defeat to Everton at the worst possibl

  • FOREX-Yen plumbs 34-year low as intervention risks grow

    The yen was pinned on the weaker side of 155 per dollar on Thursday as the Bank of Japan (BOJ) kicks off its two-day rate-setting meeting, leaving traders nervous as to whether Tokyo will intervene while policy deliberations are still underway. As the BOJ meets to discuss monetary policy, expectations are for the central bank to keep its short-term interest rate target unchanged at the conclusion of the meeting on Friday, following last month's landmark exit from negative rates. "We expect the BOJ meeting to deliver a marginally hawkish hold outcome," said Carl Ang, fixed income research analyst at MFS Investment Management.

  • Sandhurst: Man gambles £100k in Coral before staff intervene

    John, who is battling a gambling addiction, says he would spend up to £1,500 a day in the bookmakers.